1300 Michigan Street NE

Off-Market

1300 Michigan Street NE, Grand Rapids, MI 49503

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 30,000 SF
  • Lot Size 3.83 Acre
  • Parking Spaces Avail. 195
  • Parking Ratio 6.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1989

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $23.00
  • 2022 Office Vacancy Rate 15.06%
  • 2022 Office Completions (SF) 331,938
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    78/100 Very Walkable
  • Transit Score ®

    31/100 Some Transit
  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Fulton Heights
  • Zip Code 49503
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    2.05 miles

  • Speedway

    0.13 miles

  • Shell

    0.14 miles

  • Mobil

    1.00 miles

  • BP

    1.01 miles

  • Family Fare Quick Stop

    1.06 miles

  • U Save Mart

    1.06 miles

  • Citgo

    1.08 miles

  • Speedway

    1.08 miles

  • BP

    1.58 miles

  • Mobil

    1.85 miles

  • Mayfield Lot

    0.56 miles

  • Bukowski Lot

    0.69 miles

  • Congress Elementary Parking Lot

    0.74 miles

  • LaFontse Gallery Lot

    0.82 miles

  • East Albertus Lot

    0.91 miles

  • Plymouth Lot

    0.94 miles

  • Woodward Lot

    0.95 miles

  • Eastown Hub Parking Lot

    0.97 miles

  • Ethel Parking Lot

    1.05 miles

  • Wealthy Market's Parking

    1.07 miles

  • Hampton Inn & Suites Grand Rapids Downtown

    0.96 miles

  • City Flats Hotel

    1.71 miles

  • The Brauhaus Inn

    1.72 miles

  • Residence Inn Marriott

    1.74 miles

  • Barri

    1.82 miles

  • Amway Grand Plaza

    1.83 miles

  • Canopy by Hilton

    1.84 miles

  • JW Marriott Grand Rapids

    1.90 miles

  • Holiday Inn Grand Rapids Downtown

    2.09 miles

  • Country Inn & Suites

    2.44 miles

  • Subway

    0.16 miles

  • Checkers

    0.23 miles

  • Taco Bell

    0.35 miles

  • KFC

    0.44 miles

  • Curry Kitchen

    0.62 miles

  • Rinaldis Pizza

    0.63 miles

  • Mangiamo

    0.74 miles

  • Cherie Inn

    0.80 miles

  • Domino's

    0.81 miles

  • Matchbox Diner & Drinks

    0.82 miles

  • Mayfield School

    0.20 miles

  • Hillcrest School

    0.20 miles

  • William C. Abney Academy

    0.41 miles

  • Saint Isadores School

    0.49 miles

  • Saint Thomas the Apostle Catholic School

    0.59 miles

  • Congress Elementary School

    0.73 miles

  • Eastern School

    0.79 miles

  • Blodgett School

    0.88 miles

  • Burr Oak School

    0.88 miles

  • Plymouth School

    0.90 miles

  • Kelloggsville Early Childhood Learning Center

    6.40 miles

  • Kenowa Hills Early Childhood Center

    6.94 miles

Frequently Asked Questions

What is the total square footage of 1300 Michigan Street NE?

1300 Michigan Street NE totals 30,000 square feet.

What is the property tax for 1300 Michigan Street NE?

The property tax for 1300 Michigan Street NE in 2023 was $276,888.

What is the market value for 1300 Michigan Street NE?

The market value* for 1300 Michigan Street NE in 2023 was $10,786,301.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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